Crixfeed is the focused digital media, crypto information Services Company for the decentralize crypto asset (DAX) and blockchain technology community.
Ripple’s website describes the open-source protocol as “basic infrastructure technology for interbank transactions–aneutral utility for financial institutions and systems.” The technology allows banks and non-bank financial services companies to incorporate the Ripple protocol into their own systems, and therefore allow their customers to use the service. Currently, Ripple requires two parties for a transaction to occur: first, a“regulated financial institution” which holds funds and issues balances on behalf of customers. Second, “market makers” such as hedge funds or currency trading desks which provide liquidity in the currency they want to trade in. At its core, Ripple is based around a shared, public database or ledger that has its contents decided on by consensus. In addition to balances, the ledger holds information about offers to buy or sell currencies and assets, creating the first distributed exchange. The consensus process allows for payments, exchanges and remittance in a distributed process. In Ripple, users make payments between each other by using cryptographically signed transactions denominated in